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Black Knight: Prepayments are Falling, Hurricane Effect Lingers

(Mortgage News Daily) - 12 months ago
 Posted To: MND NewsWireAs interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SSM) followed a 15 percent decline in January with another 9 percent loss in February. Black Knight says, in its "first look" at February loan performance data, that the SSM during the month was 0.72 percent, the lowest since 2014. After dropping sharply in the prior month, improvement in the national delinquency rate...
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